According to Foresight News, on-chain analyst Yu Jing reports that 159.4 million CRV tokens sold by Curve founder Michael Egorov in August last year will end their six-month lockup period on February 1. Previously, Egorov sold these tokens at a 30% discount to the market price to avoid liquidation of his loans on multiple DeFi platforms. These tokens had a six-month lockup period, also known as a 'moral lockup,' which would not result in penalties or consequences even if violated.
The majority of investors have complied with the lockup, storing their CRV in wallets, depositing them in Curve lockups, or Convex. Only two investors have sold a small amount of CRV (12,500 CRV and 50,000 CRV).
